8 Top Diamond Stocks: Great Opportunities For 2019 And Beyond 2020

top diamond stock sarine technologies

Sarine Technologies: monthly chart

Top diamond stock Alrosa PJSC (MCX: Alrosa)

A state-owned corporation listed in Moscow stock exchange, one of the largest diamond mining company that specializes in exploration, mining, manufacture, and sale of diamonds. The company leads the world in diamond mining by volume. Mining takes place in Western Yakutia, the Arkhangelsk region, and Africa

The monthly chart of Alrosa shows an ascending triangle pattern. Prices might challenge the resistance zone again for the fourth time. Breaking above will mean mid-long term bullish outlook which is in line with what we expect.

Our stance will need to a review if and when the price breaks below the uptrend line. It would certainly not be a bullish evolution.

top diamond stock Alrosa

Alrosa: monthly chart

Top diamond stock Five Star Diamonds

Five Star Diamonds – STAR (CVE) formerly Turquoise Capital Corp., is a Brazilian diamond producer. It is focused on the acquisition and development of advanced stage projects in Brazil. The company owns 23 kimberlite projects in the country, comprising 72 fully-owned exploration licenses and covering a total area of 123,667ha.

Its flagship project is Catalão, located in Goiás state, which recently completed a pilot mining and processing program. The firm is currently conducting bulk sampling activities at the Jaibaras project, in Para state.

Five Star Diamonds also owns four diamond processing plants in Brazil. Its headquarters are located in Rio de Janeiro.

The stock price of this top diamond stock has been volatile after hitting major support zone. For confirmation, investors might want to wait for price to break downtrend line convincingly before considering position.

top diamond stock Five Star Diamonds

Five Star Diamonds: monthly line chart

Top diamond stock Lucara Diamond Corp

Lucara Diamond Corp. (TSX: LUC) is a diamond exploration and mining company, operating in southern Africa but established in Canada.

Since the price plunged from its major top in July 2007 from 8 dollar to 0.21 cents it was able to get back to 4 dollar. Afer this it retraced to 1.70. Visibly, 1.40 is an important price zone where horizontal and uptrendline support coincide.

Breaking down means more consolidation would be required. If price gradually moves up it would confirm our potentially bullish stance.

top diamond stock Lucara Diamond

Lucara Diamond: monthly chart

Top diamond stock Petra Diamonds Ltd 

Petra Diamonds Ltd (LON: PDL) is a diamond mining group headquartered in Jersey. It has a diversified portfolio, with interests in eight producing mines in South Africa and Tanzania and an exploration programme in Botswana.

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Disclosure:This article only serves an educational report. We do not intend readers to buy or sell stocks because of our writing(s).

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